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Aon expands captive consulting capabilities with formation of Aon global risk consulting Bermuda

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Aon Global Risk Consulting, a leading provider of risk advisory services and part of Aon Corporation (NYSE: AON), today announced the launch of Aon Global Risk Consulting Bermuda, which is part of Aon Insurance Managers (Bermuda) Ltd.

Aon, which has operated in Bermuda since 1963, selected to establish an Aon Global Risk Consulting office in Bermuda because of the country’s position as the leading captive domicile and one of the world’s largest insurance markets.

“Corporations are looking more and more to integrate captive strategies to help manage their total cost of risk as the regulatory process is tightening worldwide,” said Stephen Cross, chief executive officer of Aon Global Risk Consulting. “By connecting Aon’s risk consulting services with its captive management offering, Aon has created a one-stop shop for corporations seeking traditional and innovative risk-based solutions.”

Laura Taylor, a long-time Aon executive and risk consulting expert, will lead Aon Global Risk Consulting Bermuda. Taylor will also continue to serve as managing director and global enterprise risk management practice leader at Aon.

Taylor added, “Aon has operated in the Bermuda captive market for nearly 50 years, and we see potential for outstanding growth in the domicile. Our expansion in Bermuda will enhance the firm’s offerings and create additional opportunities for clients in the global marketplace.”